Nevada Poker Market Up Nearly 3 Percent In May – CardPlayer.com

Nevada poker rooms generated $9.17 million in revenue in May, according to figures from state gaming regulators.

The rake was up a strong 2.85 percent compared to May 2017, according to the revenue data. Revenue of $27.6 million from March, April and May was up 2.36 percent compared to the same period in 2017. Over the 12 months prior to June 1, 2018, Nevada poker revenue of $119.18 million was up 1.92 percent compared to the same period a year prior.

Nevada had 62 poker rooms with a combined 688 tables in May. There were 62 rooms with a combined 724 tables in May 2017, which represents a table decline of nearly five percent.

Nevada poker revenue has grown year-over-year in 11 of the past 13 months, with the only declines happening in January 2018 (0.06 decrease) and April 2018 (1.09 decrease).

The annual World Series of Poker kicked off on May 29 just off the Las Vegas Strip.

Poker revenue was even better if you consider only Strip-area casinos. The 18 poker rooms on or around the iconic casino corridor raked $6.04 million in May, up 4.96 percent year-over-year. The Strip-area rooms had 382 tables, down from 398 a year prior.

Strip-area poker revenue over the same 12-month period as mentioned above nearly mirrored the statewide increase. The 18 poker rooms generated $79.09 million in revenue over the year prior to June, an increase of 1.93 percent.

Read More Here...

This entry was posted in Casino Gambling Stocks News. Bookmark the permalink. Follow any comments here with the RSS feed for this post. Trackbacks are closed, but you can post a comment.